Napier Port, the premier freight gateway for the central and lower North Island of New Zealand, has released financial results for the year to the end of September 2022 showing a resilient performance despite significant trading, environmental and operational disruptions.
Highlights include a 4.6% increase in revenue to $114.5 million, total tonnage shipped across Napier Port's wharves of 5.39 million tonnes, 8.1% down on the record 5.87 million tonnes during 2021 and the opening of 6 Wharf - Te Whiti - ahead of schedule and for a final construction cost of $171 million.
The Directors declared a fully imputed final dividend 4.7 cents per share, taking total dividends for the 2022 financial year to 7.5 cents per share, which is unchanged from the prior year.
Earnings guidance for FY2023 is for an underlying result from operating activities of between $42 million and $48 million.
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